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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Scientists launch hub to channel quantum power for good

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...

Unity crucial for Arabs on global media platforms

He calls for the creation of clear and common executive mechanisms to crystallize the Arab countries' position and examine the...
  • Saudi Arabia calls for a unified Arab position on international media platforms to address the dissemination of content that lacks respect for Arab societies' values
  • Saudi Media Minister Al-Dosary emphasizes the significance of media in promoting cooperation, dialogue, tolerance, and respect for diverse values and cultures

Fusion energy will be game-changing viable energy source

Private sector partners can leverage the scientific work done in public laboratories to develop the technology needed for fusion power...
  • Private sector partners can leverage the scientific work done in public laboratories to develop the technology needed for fusion power plant applications, says top US physicist
  • The recent discovery in inertial confinement fusion marks a significant milestone in the development of fusion energy as a viable energy source, highlights Kimberly Budil

In troubled Libya, young robotics fans see hope in hi-tech

Libya has seen more than a decade of stop-start conflict since a 2011 NATO-backed revolt toppled strongman Moamer Kadhafi, with...
  • The robotic competition is aimed at preparing the workers of the future and make the country aware of the importance of technology and innovation, event coordinator said
  • The event, funded by an international school and private sponsors, had been envisaged since 2018 but repeatedly delayed because of unrest and then the Covid pandemic

UAE issues license for electric vertical takeoff and landing aircraft

DUBAI, UAE - The UAE Regulations Lab has issued a license for an electric cargo aircraft to promote eco-friendly transportation...
  • The license aims at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology.
  • It also aims at using innovation to redefine the logistics sector's future and its impact on the environment and climate.

etisalat by e& announces first 5G satellite communications in UAE

ABU DHABI, UAE - etisalat by e& announced on Saturday the implementation of the Eutelsat Quantum satellite solution, becoming the...
  • etisalat became the first telecommunications company in UAE to expand 5G network capabilities over a software-defined satellite.
  • This deployment was a result of rigorous testing with customers for over a year to rapidly scale up the 5G mobile network deployment.

Meta confirms it is working on potential Twitter rival

SAN FRANCISCO, US - Facebook owner Meta is working on a new "text sharing" social media platform, it said Friday, in...
  • Since billionaire Elon Musk's takeover of Twitter in October, the influential website has suffered outages, layoffs.
  • Several advertisers have left the platform over the alleged lack of content moderation in recent times.

ChatGPT could increase phishing and cybercrime risk, warns British firm

London, United Kingdom - British cyber security firm Darktrace on Wednesday warned that artificial intelligence bot ChatGPT may have increased the...
  • Microsoft-backed start-up OpenAI in November launched Content creation bot ChatGPT.
  • ChatGPT had "ignited a conversation about the implications of generative AI for cyber security," the firm said.

Crypto markets under pressure as factors that led to FTX Corp’s collapse feared to create new failures

Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert...
  • Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert tells TRENDS in an interview
  • The only way FTX could re-emerge after its bankruptcy proceeding is by finding new investors or is bought out, says Elizabeth Rayment of Your Mind Media Agency

UAE keen on new technologies, says minister at Raisina Dialogue 2023

NEW DELHI, INDIA -  UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al...
  • Representatives from over 100 countries, including ministers, military commanders, captains of the Industry, participated in Raisina Dialogue 2023.
  • The UAE is keen on sharing knowledge, experience and success stories by participating in international conferences.

Some sectors may benefit more than others as more GCC companies turn to metaverse to boost business

Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit...
  • Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit the most from the latest technology, says an expert
  • The use cases of a metaverse in the GCC and the MENA region will vary primarily depending on the core nature of work within each sector, adds Mohamed Khaled, CEO of Hotdesk

Scientists launch hub to channel quantum power for good

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...

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Storm-1152: Vietnam-based creator of fake Microsoft accounts

Seoul, South Korea - Microsoft has seized the websites of a Vietnam-based group it alleges sold millions of fake accounts to...

EU seeks critical details from Apple and Google on digital safety

Brussels, Belgium - The EU demanded on Thursday that Apple and Google provide more details on how they identified risks concerning...

MBC IPO retail subscription begins

MBC Group runs a group of TV and radio channels.

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GCC media outlets think outside the box to stay afloat

Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche"...
  • Many believe news media outlets have been distracted from their role to safeguard space for informed debate on public issues
  • Several well trusted media outlets with deep pockets are battling against thinning revenues and being forced to think differently

Digitalization has high environmental costs, says UNCTAD meet

DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate...
  • Data-driven technologies like the Internet of Things, robotics and artificial intelligence can enhance climate change monitoring.
  • The digital transformation has left its mark on the planet through raw material depletion, energy and water use, pollution and waste.

Google releases the top trending searches of the year in MENA

Dubai, UAE - Google on Monday released the top trending searches of 2023 for the Middle East and North Africa....
  • Saudi Arabia has been searching for football throughout the year, with many events and tournaments happening on-ground
  • In the news list in Egypt, the war in Palestine ranked first, followed by the devaluation of the Egyptian Pound